CCM Investment Advisers LLC Has $4.68 Million Stake in The TJX Companies, Inc. (NYSE:TJX)

CCM Investment Advisers LLC reduced its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 1.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 38,710 shares of the apparel and home fashions retailer’s stock after selling 490 shares during the period. CCM Investment Advisers LLC’s holdings in TJX Companies were worth $4,677,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in TJX. Capital Performance Advisors LLP acquired a new stake in shares of TJX Companies during the 3rd quarter worth approximately $29,000. Truvestments Capital LLC acquired a new stake in TJX Companies in the third quarter worth $29,000. Copeland Capital Management LLC acquired a new position in shares of TJX Companies during the third quarter valued at about $30,000. Legacy Investment Solutions LLC bought a new position in shares of TJX Companies during the 3rd quarter worth about $30,000. Finally, Northwest Investment Counselors LLC acquired a new stake in shares of TJX Companies in the 3rd quarter valued at about $37,000. 91.09% of the stock is owned by institutional investors.

TJX Companies Stock Performance

TJX Companies stock traded down $0.74 during trading on Friday, hitting $120.91. The stock had a trading volume of 1,119,079 shares, compared to its average volume of 4,011,337. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. The stock’s 50 day moving average is $121.91 and its two-hundred day moving average is $117.05. The TJX Companies, Inc. has a 1 year low of $92.35 and a 1 year high of $128.00. The stock has a market cap of $135.92 billion, a price-to-earnings ratio of 28.45, a price-to-earnings-growth ratio of 3.07 and a beta of 0.91.

TJX Companies (NYSE:TJX) last posted its quarterly earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share for the quarter, topping the consensus estimate of $1.09 by $0.05. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The company had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $13.95 billion. During the same quarter in the prior year, the company earned $1.03 EPS. The firm’s quarterly revenue was up 6.0% compared to the same quarter last year. As a group, analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Thursday, February 13th will be given a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 1.24%. The ex-dividend date of this dividend is Thursday, February 13th. TJX Companies’s dividend payout ratio (DPR) is currently 35.29%.

Analyst Ratings Changes

TJX has been the subject of several recent research reports. Jefferies Financial Group boosted their price objective on TJX Companies from $140.00 to $145.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Evercore ISI boosted their price target on shares of TJX Companies from $138.00 to $142.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. StockNews.com raised shares of TJX Companies from a “hold” rating to a “buy” rating in a research note on Saturday, November 30th. Guggenheim boosted their price objective on TJX Companies from $135.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $134.00 price objective on shares of TJX Companies in a research note on Friday, December 6th. Three research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $131.17.

About TJX Companies

The TJX Companies, Inc, together with its subsidiaries, operates as an off-price apparel and home fashions retailer in the United States, Canada, Europe, and Australia. It operates through four segments: Marmaxx, HomeGoods, TJX Canada, and TJX International. The company sells family apparel, including footwear and accessories; home fashions, such as home basics, furniture, rugs, lighting products, giftware, soft home products, decorative accessories, tabletop, and cookware, as well as expanded pet, and gourmet food departments; jewelry and accessories; and other merchandise.